What happened, and who moved.
South Bay housing advocates have long touted the benefits of mass timber, a wood-based class of construction materials said to save builders time and money. After years of false starts, it appears their long wait to see mass timber housing projects get off the ground may finally be coming to an end. An affordable…
A new statewide survey shows commanding, cross-partisan support for a November ballot measure that would impose hard deadlines on California’s landmark environmental review law, a shift that would reshape the entitlement calculus for housing and infrastructure developers across the state. Proposition 45, the most…
Developer Mecah Ventures is pushing ahead with Parallel on Claremont, a 38,812-square-foot speculative office project in Downtown San Mateo that accounts for more than half of the entire office construction pipeline on the San Francisco Peninsula. Mecah Ventures is developing Parallel on Claremont, a…
Artificial intelligence coding platform Replit has taken over 52,642 square feet of Exabeam’s Foster City space, adding to a headquarters footprint it expanded just months earlier and delivering the San Francisco Peninsula its single largest office lease of the second quarter. Replit, the AI-powered software…
CapRock Partners has fully leased the first building at its Central Point III development in Visalia to an unnamed global corporate occupier, a 1.27-million-square-foot commitment that ranks among the largest industrial deals struck in California’s Central Valley in years and that local officials have publicly tied…
ArtHaus Partners and Integrity Housing have closed on the $76.1 million purchase of a 368-unit South Natomas apartment community and will convert roughly three-quarters of its units to workforce housing, financed through the Sacramento Housing and Redevelopment Agency’s first-ever 501(c)(3) bond issuance. Bay…
Marcus & Millichap Brokers Sale of Multifamily Property in San Mateo, California SAN MATEO, Calif., July 21, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2001 Parrott…
WILLITS, CALIF. — TCC Properties has sold Redwood Meadows, a 101-unit seniors housing property in the Northern California city of Willits, to Echelon Communities for $10.8 million, or $106,931 per unit. Isaak Heitzeberg of Marcus & Millichap represented the seller in the transaction and procured the buyer in…
LOS ANGELES — Walker & Dunlop has arranged a $28.9 million loan for the refinancing of Billy G. Mills Manor, an affordable housing complex next to the University of Southern California in Los Angeles. Jeff Kearns and Laura Woltanski of Walker & Dunlop secured the refinancing through HUD/FHA’s Section 223(f) loan…
SAN DIEGO — Breakthrough Properties and Tishman Speyer have provided a $90 million mezzanine bridge loan for Aperture Del Mar, a Class A life sciences campus in San Diego. The borrower, Gemdale USA, will use the proceeds to refinance an existing loan. Totaling 538,000 square feet, the four-building lab and office…
The life sciences boom isn’t finished yet. Gemdale USA has secured $90 million in mezzanine debt to refinance Aperture Del Mar, a 538,000-square-foot Class A life science campus that recently opened in San Diego, Calif. Tishman Speyer and Bellco Capital, through their Breakthrough Properties joint venture vehicle,…
As the deadline approached, two additional housing proposals in Palo Alto applied under a new state housing law that affords greater height and density to projects near public transit. As of July 16, Palo Alto’s local restrictions took effect, blunting the most significant impacts of Senate Bill 79 by exempting…
Fashion Nova is expanding its Southern California logistics side with another industrial lease in Santa Fe Springs. The Los Angeles-based fast-fashion retailer signed a lease to take over the 132,888-square-foot warehouse at 12301 Hawkins Street, according to CoStar. It increases Fashion Nova’s warehouse footprint…
Marcus & Millichap has completed the sale of 1939 N. Kenmore Ave., an 18-unit multifamily property located in Los Angeles. The property sold for $5.28 million. “Properties with this charm and character that have been owned by the same family for several decades rarely come to market in Los Feliz,” said Jeff Louks,…
Interstate Equities Corporation (IEC), a vertically integrated real estate investment and management firm specializing in multifamily properties throughout California and Washington, reached the final close of IEC Institutional Fund VI (with $215 million in equity commitments. The new fund continues IEC’s value-add…
A local school district is finding itself in choppy waters as it weighs the best way to provide teachers and other employees with affordable housing. In 2024, the San Jose Unified School District issued a general obligation bond, Measure R, to fund the renovation of classrooms and facilities, as well as provide…
State housing regulators hauled Half Moon Bay and Turlock into court over years-overdue housing plans, the Northern California front of a five-city enforcement campaign that puts local zoning power and mounting monthly fines at risk. California pushed its housing enforcement campaign into the Bay Area and Central…
A New York distressed-debt specialist has taken control of the buildable heart of San Francisco’s largest apartment complex, using a construction loan it never got repaid to foreclose on land approved for nearly 1,700 new homes. Yellowstone Real Estate Investments has completed a foreclosure takeover of the…
Brex takes all 200,000 SQFT at 270 Brannan St in a nearly 10-year San Francisco lease, reversing its earlier remote-first retreat. The post Brex Leases Entire 200,000 SQFT Building at 270 Brannan St in San Francisco appeared first on The Registry Northern California Real Estate .
First-Citizens Bank has started foreclosure proceedings against two prime Union Square retail buildings after their owner failed to repay a matured $40 million loan, with the lender now claiming more than $40.1 million due on collateral that sits at the doorstep of San Francisco’s marquee shopping district. A…
LONG BEACH, CALIF. — CBRE has arranged the $30 million sale of Mosaic, a six-building retail portfolio located in downtown Long Beach. An entity doing business as Mosaic Promenade Holdings LLC acquired the property from a partnership between Turnbridge Equities, Waterford Property Co. and Monument Square Investment…
The Tenderloin Neighborhood Development Corporation has resubmitted preliminary permits for its 199-unit affordable senior housing development at 1234 Great Highway in San Francisco’s Outer Sunset, but the roughly $181 million project remains stalled as the developer waits to see whether a statewide bond measure…
CASTRO VALLEY, CALIF. — Felson Cos. has sold a two-property, 135-unit portfolio in Castro Valley to Prime Residential for approximately $35.6 million. Jason Parr, Scott MacDonald and John Hansen of… The post Berkadia Arranges $35.6M Bay Area Trade appeared first on Multifamily & Affordable Housing Business .
GPU giant is the property's current leaseholder
Hacienda, Northern California’s largest mixed-use development, continued to strengthen its market position during the second quarter of 2026, supported by improving occupancy, positive net absorption, and continued leasing activity across a broad range of tenant sizes. Building on the momentum established earlier…
After two years of scaling back its office footprint, Google is recommitting to 2.1 million square feet of offices in Sunnyvale, reversing the space-cutting strategy embraced by many Silicon Valley tech companies in the post-pandemic years. The Silicon Valley Business Journal reported that Google, the core unit of…
The Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park. The deal is equal to about $290,200 per…
Get your popcorn ready, Los Angeles. One of Hollywood’s most beloved movie theaters is finally coming back. Sony Pictures Entertainment and its Alamo Drafthouse Cinema subsidiary announced Wednesday they struck a long-term lease to restore and reopen the Cinerama Dome on Sunset Boulevard and the adjacent 14-screen…
A reversal from Google’s 2023 sublease push, the renewal lands as Silicon Valley vacancy hits a Bay Area low and Amazon, OpenAI and General Motors move into space tech tenants once abandoned Google is putting its money back into the same Sunnyvale office campuses it was trying to shed just two years ago, renewing…
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased Valley Animal Hospital located at 58 W 16th Street in Merced, California for $1,945,000. The 4,998-square-foot property is situated at 58 W 16th Street in Merced, California, within Merced County in…
A San Francisco Superior Court judge has placed the historic Central Tower into receivership after owner CIM Group defaulted on a $98 million loan, and lenders are now advancing toward a foreclosure that could strip the Los Angeles investor of the two-building property by the end of the year. One of San Francisco’s…
Prologis singled out the San Francisco Bay Area as the clearest early sign of a broader shift back toward coastal industrial markets, ranking the region among its strongest performers and committing fresh development capital as demand firms. Prologis, Inc., the world’s largest owner of logistics real estate, told…
Facing a $30 million hole that has kept one of the Embarcadero’s marquee waterfront projects frozen for the better part of a decade, the Port of San Francisco has agreed to rewrite developer TZK Broadway’s ground lease and layer on public subsidies to drive the Teatro ZinZanni hotel and dinner-theater toward a…
FRESNO, CALIF. — JBT Property Management has sold Maroa Park Apartments, a 248-unit multifamily property in Fresno, to a private buyer for $44 million. Located at 475-585 W. Sierra Ave., Maroa Park features one- and two-bedroom units with an average size of 878 square feet. Otto Ozen, Brian Nakamura and Nazli…
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of bank failures have swung back to a posture Newmark’s Ramsey Daya describes as a fist fight for good deals. Speaking at The Registry’s annual San Francisco Mid-Year Broker Forum in…
LOS ANGELES — San Francisco-based Prime Residential has acquired Palm Court Apartments in the Miracle Mile neighborhood of Los Angeles for approximately $51.3 million. The seller was a private investor.… The post Prime Residential Buys Palm Court in Los Angeles for $51.3M appeared first on Multifamily & Affordable…
Los Angeles Mayor Karen Bass said Tuesday that graffiti removal and blight abatement will now begin following a confirmation hearing earlier Tuesday for the sale of Oceanwide Plaza. The hearing followed Monday’s announcement by the U.S. Bankruptcy Court for the Central District of California that it would approve…
Los Angeles’ Oceanwide Plaza, a massive downtown development stuck in limbo so long it became tagged and transformed into the infamous Graffiti Towers, has been cleared for sale. The long process of selecting a new developer after the original Chinese developer went bankrupt may finally be coming to a close. KPC…
The Swig Company has refinanced its historic Mills Building in San Francisco’s Financial District with a $96 million loan from Invesco Real Estate, a vote of confidence in a downtown office market that is finally clawing back demand after years of contraction. The San Francisco-based operator completed the…
A metal-finishing operator has planted a direct-lease flag in one of the few East Bay industrial submarkets still posting positive momentum this year. Electro Coatings, an industrial metal-finishing and coatings firm, has committed to 17,500 square feet at 661 Garcia Ave in Pittsburg, California, in a direct lease…
Mountain View captured the largest affordable housing grant in its history, a $50 million state award that will bankroll a 268-unit complex on a former safe-parking lot while financing new Caltrain cars and a protected bike corridor along Middlefield Road. The California Department of Housing and Community…
SAN DIEGO COUNTY, CALIF. — Marcus & Millichap has brokered the sale of a seven-building memory care campus in San Diego County. Developed in 2002, the property contains more than 55 units licensed for over 85 residents. The community was operating with negative net operating income (NOI) at the time of sale. Nick…
CASTRO VALLEY, CALIF. — Berkadia has arranged the $35.5 million sale of The Cedars and Creekside Terrace, two neighboring, value-add multifamily properties located in the Northern California city of Castro Valley. Felson Cos., the original developer, sold the assets to San Francisco-based Prime Residential for…
Not many proptech companies have been able to scale their technology to take advantage of the data center construction boom, but one that has cracked the code in servicing the sector’s gargantuan growth is OpenSpace. The San Francisco-based visual intelligence platform has worked on more than 1,000 data center…
The life science industry has climbed out of one of the most complicated stretches in its history, and while the underlying business is healthier than it has been in years, the region’s glut of high-quality but unbuilt lab space remains stubbornly locked up. The life science sector has weathered “one of its most…
Non-profit developer to convert Everett's Latitutde Apartments to affordable housing Steven Sharp Wed, 06/10/2026 - 15:59 Non-profit development firm Bridge Housing has announced its second acquisition in the Seattle area - the Latitude Apartments in Everett. The San Francisco-based developer, which had financial…
Interstate Equities and PGIM acquire four properties in the Bay Area and Seattle Steven Sharp Sat, 01/24/2026 - 09:05 Mesa West Capital has announced a $201-million acquisition loan to Interstate Equities Corporation and PGIM for the purchase of four properties totaling 547 homes in Seattle, as well as the San…
408-unit apartment tower in Belltown sells to L.A. real estate firm Steven Sharp Thu, 01/08/2026 - 06:46 Los Angeles-based real estate firm JRK has acquired three properties from Equity Residential, the company announced earlier this week - including a large apartment tower in Belltown. The $400-million purchase…
The latest housing proposal in Palo Alto to take advantage of a new state law that encourages denser projects near public transit envisions six for-sale family condominiums in the Downtown North neighborhood. The project at 340 Palo Alto Ave. abuts the city’s border with Menlo Park, but is still within the…
Construction is underway on the next phase of a major housing development in Santa Clara’s growing mixed-use neighborhood near Levi’s Stadium known as the Clara District, as officials continue transforming the former industrial area. City officials, developers and residents on Thursday celebrated construction…
The sale of the $1.2B Oceanwide Plaza may finally be able to proceed after a bankruptcy judge told attorneys she intended to approve the plan to sell it off. In a critical turn, attorneys for the city of Los Angeles on Monday withdrew their objections...
San Diego’s multifamily and affordable housing markets are heading into a “transition” phase, according to Chase Rongé, principal and director at MVE + Partners, a California architecture firm. But what does that look like across the city? Multifamily...
Global flexible workspace provider Mindspace has signed a new 54,000-square-foot lease at Two Transamerica Plaza, located at 505 Sansome St., San Francisco, within the Transamerica complex, marking the company’s second location in San Francisco and its largest in the U.S. The new lease nearly triples Mindspace’s…
City approval clears a low-friction path to new AI infrastructure — no rezoning, no new footprint, just a rewiring of space Nvidia already occupies San Jose has cleared the way for a Silicon Valley research building already leased by Nvidia to become a full-fledged data center, the latest sign that the AI boom is…
Alexandria Real Estate Equities, Inc. has delivered a 427,000-square-foot research & development hub for Bristol Myers Squibb (BMS) at the Campus Point by Alexandria Megacampus in San Diego. Since 1998, Alexandria has partnered with BMS across the REIT’s life science and advanced technology clusters. The initial…
Grocery delivery app Instacart is getting a bigger home in Midtown. The San Francisco-based technology company has signed a 26,134-square-foot lease at Empire State Realty Trust (ESRT)’s 111 West 33rd Street, the landlord announced Monday. The seven-year lease was signed during the second quarter of 2026, according…
Aerospace and defense tech firms are pouring into the South Bay’s industrial market, turning a historically strong leasing submarket into the engine driving Los Angeles’ tightening vacancy and improving absorption. Although aerospace and defense companies...
Amazon has committed to the full 317,000-square-foot tower at 1000 Enterprise Way in Jay Paul Co.’s Moffett Towers campus, absorbing space Google spent more than two years trying to shed and deepening the e-commerce giant’s standing as one of Silicon Valley’s largest office occupiers. Amazon.com has leased the…
San Jose city staff have signed off on a mixed-use project that pairs new housing with a permanent performance home for the city’s taiko drumming company, extending a residential builder’s now decade-long bet on one of the country’s last three historic Japantowns. City officials approved the project at 653 North…
LOS ANGELES — Wellpointe has announced plans for the development of a new affordable seniors housing campus within the Warner Center master-planned district in Los Angeles. Wellpointe estimates a total investment of $2 billion in the project, which will be developed in four phases. A property-holding affiliate of…